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Coslada, Madrid 28821 5 Unit Apartment Building $519,259 ($103,852/Unit)
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Investment Highlights
- Located with the facade facing the street, providing good connectivity and communications to the building.
- Proximity to the M-21 and E-5 highways, with good access to public transportation.
Executive Summary
Residential building for sale located in Coslada, ideal for investors. The property is situated on an 87 m² plot, with a built area of 250 m² according to the land registry. It currently features five independent units: two one-bedroom, two two-bedroom, and one three-bedroom apartment on the first floor, which could be reconfigured into two units (one two-bedroom and one one-bedroom), thus reaching a total of six completely independent units.
The apartments have different configurations, with some ready to rent and others in need of renovation. The building has access through an iron door, a renovated entrance, individual electric meters, independent heating, laminate flooring, and double-glazed windows in some units. Its north-south orientation and location in a central area with access to services such as banks, restaurants, schools, hospitals, supermarkets, and public transportation (lines 181 and 182) make it an excellent investment opportunity.
The estimated monthly rent with the currently rented apartments is approximately €4,000. As it is a property with a single owner, there are no community fees. The property tax (IBI) is pending confirmation.
The apartments have different configurations, with some ready to rent and others in need of renovation. The building has access through an iron door, a renovated entrance, individual electric meters, independent heating, laminate flooring, and double-glazed windows in some units. Its north-south orientation and location in a central area with access to services such as banks, restaurants, schools, hospitals, supermarkets, and public transportation (lines 181 and 182) make it an excellent investment opportunity.
The estimated monthly rent with the currently rented apartments is approximately €4,000. As it is a property with a single owner, there are no community fees. The property tax (IBI) is pending confirmation.
Property Facts
| Price | $519,259 | Property Subtype | Apartment |
| Price Per Unit | $103,852 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Gross Rent Multiplier | 10.42 | Building Size | < 15,000 SF |
| No. Units | 5 | Year Built | 1970 - 1979 |
| Property Type | Multifamily |
| Price | $519,259 |
| Price Per Unit | $103,852 |
| Sale Type | Investment |
| Gross Rent Multiplier | 10.42 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | < 15,000 SF |
| Year Built | 1970 - 1979 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | - | - |
| 2+1 | 2 | - | - |
| 3+1 | 1 | - | - |
1 1
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